Question : The price of a certain item is increased by 4%. If the price of the item after the increase is INR 832, then what was the original price of the item?
Option 1: INR 800
Option 2: INR 812
Option 3: INR 900
Option 4: INR 940
Correct Answer: INR 800
Solution :
Let the original price of the article be 100$x$.
After increment of 4% = 104$x$
After the increment, the price = INR 832
$\therefore$ Increased percentage = increased price
⇒ 104$x$ = 832
⇒ $x$ = $\frac{83200}{104}=8$
⇒ Original price = 100$x$ = INR 800
Hence, the correct answer is INR 800.
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